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The relentless hunt for yield continues unabated and it can’t even be hedged anymore when it comes to US government paper thanks to a worsening dollar crunch. So what is one to do? Well, dive into USD corporate paper of course: From Wells: “Alongside this rapid expansion of the corporate market, the investor base has…
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Notable Bloomberg News

*WIKILEAKS RELEASES REPORTED CLINTON/GOLDMAN SACHS TRANSCRIPTS

*Syria Talks End Without Result; Lavrov Says Resolution Discussed

*FED'S DUDLEY SAYS HE EXPECTS A RATE RISE THIS YEAR

*Fed Chair Janet Yellen said that “an accommodative monetary stance, if maintained too long, could have costs that exceed the benefits” by increasing the risk of financial instability or undermining price stability.